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New data reveals increase in international business travel in the last six months

The put up New data reveals increase in international business travel in the last six months appeared first on TD (Travel Daily Media) Travel Daily.

New data from Australia’s main travel administration supplier for SMEs has uncovered a resurgence in international business travel six months on from the preliminary border reopening in November last yr.

April noticed the greatest progress in international flight bookings – a 135 per cent increase on November 2021 when the international border opened in NSW, and 75 per cent on January and February this yr.

The data additionally reveals the hottest international locations for travel and the industries which are travelling the most.

Corporate Traveller Australia, Flight Centre Travel Group’s flagship travel administration supplier for SMEs, analysed its travel bookings from 1 January 2022 – two months on from Australia’s preliminary international border reopening – to 1 May 2022.

During this era, international flight bookings throughout Australia’s states elevated considerably. South Australia noticed the largest increase in travel bookings departing from the state, at 204 per cent from January to end-April 2022.

Bookings out of WA elevated by 135 per cent, whereas Victoria noticed a 116 per cent increase in bookings, NSW by 109 per cent and Queensland 105 per cent.

Tom Walley, Global Managing Director at Corporate Traveller, says: “Despite the incontrovertible fact that full capability for international flights isn’t slated to return till subsequent yr, we’re seeing a big demand for international travel from SMEs.

“As the world reopens, businesses and travellers are forging international relationships again to help increase their sales, expand into new markets, and source new partnerships. This will help drive the recovery of many industries in Australia and help improve our local economy.”

Popular international travel locations for companies

The Corporate Traveller data additionally uncovered 5 of the high 10 international locations companies are travelling to the most, with North America proving the hottest area for travel.

Bookings to Canada have seen a big increase six months on from the preliminary international border reopening in November: flight bookings grew by 277 per cent from January to end-April 2022.

Travel bookings to the UK elevated by 73 per cent, whereas the United States additionally proved fashionable, with bookings hovering by 71 per cent. The United Arab Emirates additionally ranked extremely, experiencing a progress in bookings by 56 per cent.

Bookings to Singapore have been barely slower to take off, growing by 40 per cent in the identical interval. Mr Walley believes that is doubtless because of the travel restrictions Singapore had in place till 1 April, whereby the nation then eliminated its testing and quarantine necessities for absolutely vaccinated travellers.

Tom says: “I anticipate international flight bookings will proceed to soar month on month. As Singapore continues to loosen up its travel restrictions and necessities additional, I count on SME travel bookings to catch as much as different locations.

“Travel to Europe can be prone to surge, as companies look to mix their travel to the UK and Europe, doubtlessly reserving longer stays for his or her workers to make the most out of their travel and assist drive the firm’s gross sales and income.

“The introduction of direct flights to major cities such as New York and London in the next few years will also spur an increase in demand and advance flight bookings to these destinations.”

The industries travelling internationally the most

Mr Walley says that Corporate Traveller has additionally seen early inexperienced shoots of international travel in the last few months throughout a number of industries, particularly important industries that continued travelling domestically in the last two years.

International travel bookings between January to end-April 2022 present the finance business has been travelling the most, growing its bookings by 224 per cent.

Next is the medical business, with a 103 per cent increase after which the building business, with a 60 per cent increase. Businesses in the consulting business are additionally resuming international travel strongly, with bookings growing by 50 per cent.

The know-how and mining industries have equally skilled a wholesome international travel revival, at 46 per cent and 25 per cent, respectively.

“The finance industry saw the most impressive increase in travel, as a large part of the industry would have largely relied on international video meetings during border closures, and re-booted its travel programs this year,” Mr Walley mentioned.

“We consider different industries comparable to medical and building – whereas rising their travel healthily in the last few months – have been already sustaining their important travelling and, as such, noticed smaller will increase this yr.

“Throughout the yr we’re prone to see different industries rebound their travel, together with manufacturing, IT, and schooling.

“Australia is also in the midst of a post-election transition to a new Government which is likely to see travel by Government employees increase significantly to continue to strengthen relationships with our international counterparts.”

The put up New data reveals increase in international business travel in the last six months appeared first on Travel Daily.

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